If you do not qualify, you would then look into if you would qualify with renting your departing residence. 75% of the lease will be used to offset that departing residence mortgage. as you mentioned the timing of renting the place can absolutely be tricky so you would hope you do not have to do this.Finally, and I guess would be sorta of a trick, but we do bridge loans on occasion in this case IF you can qualify once you get the property rented at market value even if debt to income ratio is too high before it is rented.

Hey Stepan, Some changes I'm advising and seeing my clients implement are expecting an extra 3 months of holding time and undervaluing the ARV just a bit due to high inventory on the market. 

It was high risk and it was my fault.  

for me, the ones that cashflow the most are the ones that I bought with 3% long term debt, they were new (low maintenance) and they are in high appreciating areas(just a bonus but does not impact cashflow).

Look at what high interest credit cards you can get rid of, pay down, or move to zero interest promotion cards for say 15 months etc.

@Grace Tapfuma How high can housing prices in the City of Detroit go?

They can take a 7% cash on cash for high quality commercial and with pay down and other drivers be in double digit returns on larger properties.Please folks do not be drawn in to buying these what appears to be low cost junker type properties that you think you will fix up and get this windfall of ongoing cash flow and equity on the resale from.

Are there specific qualities or terms you look for that make the relationship a good fit for your investment strategy?

Rates could be so high on theHELOC that its not beneficial.

With major companies expanding in Texas, demand for housing remains high, driving faster appreciation.